The Australian bureau of statistics issued the fourth-quarter GDP, where it shrank to 0.4%, compared with the prior quarter's reading of 1.0%, which was revised to 0.8%, yet it missed expectations of 0.8%.

Also, the annualized fourth-quarter GDP shrank to 2.3%, compared with the prior reading of 2.5%, which was revised to 2.6%, also it missed expectations of 2.4%.